Digital practice with an eye to the future
MORE and more of our small and medium-sized clients are looking at ways to run their business better and faster. They want access to real-time financial information about their business which they can share with us, their accountant, to enable them to make proactive decisions about the future of their business.
With HMRC introducing its ‘Making Tax Digital’ initiative with a requirement to report business income and expenditure quarterly instead of annually, small business owners should be looking at how to access their financial information and reporting more efficiently.
Daly Park has partnered with Xero Online Accounting, a cloudbased accounting software that brings all of a business’s financial information into one simple, secure and easy to navigate space. Xero is accessible from any internet-enabled device – your smartphone, tablet or PC – with all data automatically backed up and accessible ‘on the go’. With a range of Add-ons, Xero can be tailored to the specific needs of an individual business.
With Xero you can: Log in anytime, anywhere to view up-todate financials – bank balances, bills, invoices and add new transactions with a click
Integrate with your bank to view statements and allow easy reconciliations
Get paid faster with online invoicing and invoice reminders sent to prompt customers to pay
Manage your cashflow by scheduling payments and batch-paying suppliers
Have a guaranteed flat monthly subscription which covers unlimited users and on-going free upgrades